Question

From the following transactions
prepare necessary ledger accounts with the help of a journal entry
Apr 1started business with cash rs 100000
Apr 5 salaries paid Rs 20,000
Apr 10 Commission received Rs 5ooo
Apr 15- cash received from Mr X rs 200000​

Answer 1

Answer:

Bank a/c 100000

To Capital a/c. 100000

Salaries a/c 20000

To cash a/c 20000

Cash a/c 5000

To Commission a/c5000

Cash a/c200000

Mr X200000